US Bank Launches Stablecoin Pilot for Cross-Border Payments
US Bank has initiated a stablecoin pilot program in collaboration with Stellar to improve cross-border payment efficiency.
US Bank has initiated a stablecoin pilot program in collaboration with Stellar to improve cross-border payment efficiency. Stellar (XLM) is trading at ₹17.59 ($0.1852), down 0.2% since this brief published. This is an original Token Times brief based on reporting by Coinfomania, with live market data added, as of Wed, 21 Oct 2026 21:15:02 UTC.
This development marks a significant step in traditional banking's adoption of blockchain technology for payment solutions, potentially increasing efficiency and reducing costs in international transactions.
- US Bank's stablecoin pilot aims to enhance cross-border payment efficiency.
- The program is developed in collaboration with Stellar.
- Stellar's TVL has surged 73.5% over the past week.
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- US Bank Launches Stablecoin Pilot for Cross-Border Payments — this brief
US Bank has announced a new stablecoin pilot program designed to improve the efficiency of cross-border payments. This initiative is developed in collaboration with 
Stellar, a blockchain platform known for its focus on enabling low-cost, high-speed transactions.
The pilot program reflects a growing trend of traditional financial institutions experimenting with blockchain technology to enhance their payment systems. By leveraging stablecoins, US Bank aims to reduce the time and cost associated with international transactions.
Stellar's involvement in the project is significant, as the platform has been gaining traction in the decentralized finance (DeFi) space. According to DeFiLlama, Stellar's total value locked (TVL) has increased by 73.5% over the past week, reaching $112.08 million.
The broader crypto market has been experiencing a positive trend, with the total market cap now at $2.89 trillion. 
Bitcoin has seen a 24-hour increase of 2.35%, while Stellar's native token, XLM, has risen by 3.23% in the same period, currently trading at $0.185639.
This development is a notable example of the intersection between traditional banking and blockchain technology. It remains to be seen how the pilot will impact Stellar's ecosystem and whether other financial institutions will follow suit in adopting stablecoins for cross-border payments.
Since this brief published about 1 hour ago, Stellar (XLM) has moved from ₹17.63$0.1856 to ₹17.59$0.1852 — -0.23%.
The chart plots XLM's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XLM ≈ ₹19.24 (about $0.1852), up 2.1% over 24 hours. The rupee itself trades about 9.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 21, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
US Bank Launches Stablecoin Pilot for Cross-Border Payments — questions & answers
What is the purpose of US Bank's stablecoin pilot?
The pilot aims to improve the efficiency of cross-border payments by leveraging blockchain technology.
Who is US Bank collaborating with for this project?
US Bank is collaborating with Stellar, a blockchain platform focused on low-cost, high-speed transactions.
How has Stellar's TVL changed recently?
Stellar's TVL has increased by 73.5% over the past week, reaching $112.08 million.
How much is 1 Stellar worth in rupee today?
About ₹19.24 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1852. The rupee price moves with both XLM's US-dollar price and the USDT/INR rate; use our Stellar in rupee page for any amount.
Has Stellar's price moved since this brief was published?
XLM is down 0.23% since this brief first published — trading at ₹17.59 ($0.1852) now versus ₹17.63 ($0.1856) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Coinfomania. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.